The Importance of Tax Diversification
When most people think of diversification, they primarily focus on a proper mix of portfolio assets. As we have noted in the past, we target an asset mix of non-correlating assets for our clients. This could include stock, exchange traded funds, mutual funds, REITs, etc. However, one area of diversification that is often ignored is […]
Frank E. Yozwiak, CFP®, J.D., LL.M. in Taxation
Taxes in Retirement – Case Studies
Key Takeaways: When you’ve spent your adult life working and saving, retirement is a big change. One item that will both change and remain the same is taxes. Your income sources will be different, each with their own intricacies in the tax code, but at the end of the day, you will still likely be […]
The Investor Taxation Lifecycle
We are not CPAs nor are we tax preparers, but a great deal of our time is spent working with clients and their professionals honing a financial plan that is tax efficient. We advise our clients to hire a CPA with whom we can work together to manage their financial plans. The financial plan and […]
When Too Much Tax Deferral Becomes Counterproductive
Most of us have been told from early on in our careers to defer as much income as possible to ensure we’ll be properly prepared for retirement. While not bad advice, most of these strategies involve only qualified deferrals, meaning all income tax gets punted until the distribution phase. Now, if you end up in […]
A History of the Individual Income Tax in America
Key Takeaways: Taxes have been part of our country’s history from the very beginning – No Taxation Without Representation! Some have said that the only two constants in life are death and taxes. Today, the tax code has become so complex that you could spend as much time as you wanted to be buried in resources […]
Tax Savings on Company Stock
If you work for a publicly traded company, chances are you can own company stock inside your 401(k) retirement plan. We’ve seen many workers nearing retirement who have accumulated substantial shares of company stock. These workers are often unaware that they have an option with the tax treatment of these shares that could potentially result […]
A History of the Individual Income Tax in America
Key Takeaways: Individual income taxes are the largest source of revenue for the government The 16th Amendment gave Congress “the power to lay and collect taxes on incomes” History has shown that tax revenues increase when rates are cut Taxes have been part of our country’s history from the very beginning – No […]
Taxes in Retirement – Case Studies
Key Takeaways: Your sources of income will change, but you will still owe taxes in retirement. In general, your principal (or “cost basis”) will be returned to you tax-free. A diversified portfolio protects in down markets and provides flexibility when planning for taxes. When you’ve spent your adult life working and saving, retirement […]
The Investor Taxation Lifecycle
We are not CPAs nor are we tax preparers, but a great deal of our time is spent working with clients and their professionals honing a financial plan that is tax efficient. We advise our clients to hire a CPA with whom we can work together to manage their financial plans. The financial plan and […]
When Too Much Tax Deferral Becomes Counterproductive
Click here to watch video in new window. Most of us have been told from early on in our careers to defer as much income as possible to ensure we’ll be properly prepared for retirement. While not bad advice, most of these strategies involve only qualified deferrals, meaning all income tax gets punted until the […]
Tax Management in Bull Markets
How do we manage accounts when everything is up? With cooperative markets, many investors have accumulated substantial capital gains in their investment accounts. We analyze the trade-off between ideal allocation & paying tax to achieve it. In general, we advocate paying tax along the way to avoid over-concentration. When I was growing up, my granddad […]
